Refer to the FASB Codification, located in Class Resources, and answer the following item, based on the first letter of your last name In your response, summarize the Codification Do not copy paste or use quotations A F What guidance does the Codification provide on the classification of current assets Why is this guidance important to you as an accountant and to users of the financial statements

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Question: Refer to the FASB Codification, located in Class Resources, and answer the following item, based on the first letter of your last name. In your

Refer to the "FASB Codification," located in Class Resources, and answer the following item, based on the first letter of your last name. In your response, summarize the Codification. Do not copy

/

paste or use quotations.

F: What guidance does the Codification provide on the classification of current assets? Why is this guidance important to you as an accountant and to users of the financial statements?

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